The three-story and nearly 86K SF MOB at the Frisco Station mixed-use development will serve as the first project in the Health and Wellness District, which will encompass 35 acres at final build-out within the development.
CHS and Ascension unveiled the latest deal as hospital mergers and acquisitions are generally trending down amid market volatility.
According to Savills Research and Data Services’ Q1 U.S. Life Sciences Market Overview, proposed cuts to National Institutes of Health funding could significantly impact demand for life sciences real estate. A suggested 15% cap on indirect costs would limit support for facilities and administrative expenses, potentially forcing research institutions to downsize and startups to halt or slow operations.
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